Sharesmagazine
 Home   Log In   Register   Our Services   My Account   Contact   Help 
 Stockwatch   Level 2   Portfolio   Charts   Share Price   Awards   Market Scan   Videos   Broker Notes   Director Deals   Traders' Room 
 Funds   Trades   Terminal   Alerts   Heatmaps   News   Indices   Forward Diary   Forex Prices   Shares Magazine   Investors' Room 
 CFDs   Shares   SIPPs   ISAs   Forex   ETFs   Comparison Tables   Spread Betting 
You are NOT currently logged in
Register now or login to post to this thread.

Easyjet - on for a bounce? (EZJ)     

soul traders - 11 May 2007 08:44

Just a heads-up for any traders out there. Easyjet seems to be bouncing back after its 20% fall during the week.

MM's seem to be walking the price up.

Right now we have EZJ Bid: 608.5p Offer: 609p Change: 11, was up 13 a few minutes back.




Chart.aspx?Provider=EODIntra&Code=EZJ&SiChart.aspx?Provider=Intra&Code=EZJ&Size=

soul traders - 11 May 2007 08:46 - 2 of 394

EDIT: chart added to header.

soul traders - 11 May 2007 09:05 - 3 of 394

Intraday chart added to header.

soul traders - 11 May 2007 11:11 - 4 of 394

Well, it seems I was right: EZJ Bid: 620p Offer: 623.5p Change: 21.5

The only problem is, I set a very tight stop and had the shares sold under my feet whilst I was eating my breakfast.

D'oh!!

Good luck to any holders.

Fred1new - 05 Nov 2007 11:05 - 5 of 394


Chart.aspx?Provider=EODIntra&Code=EZJ&Si

Easyjet is down 3% today from Friday.
Possibly due to market and people locking in recent gains.

I bought at average price of 530p presently at about 640p. Has had positive news releases since middle of August and fundamental projections are Vgood.

Also think longterm contracts with old soviet block countries etc. will add to balance sheets. Also further ahead are the games in London which will put bums on seats.

I am holding in PEPs ISA and SIPPS for the longterm, unless there is some negative information.

Worth a look.

RNS this am is positive.;-
easyJet PLC
05 November 2007



Monday 5 November 2007



easyJet signs break-through distribution deals with Amadeus and Galileo for the corporate travel market easyJet will target the $90 billion* European corporate travel market with break-through distribution deals with Amadeus and Galileo, part of Travelport
GDS.


This innovative business development will enable corporate travel agencies to view and book easyJet flights within their preferred GDS environment, alongside other carriers to make easy comparisons and bookings.


This is the first time a major European low-fares airline has made its inventory available to the GDS providers. easyJet, Amadeus and Galileo recognise the demand from the corporate travel market for easier access to easyJet\'s low-fares and attractive business-related services. easyJet also aims to grow its proportion of business passengers, currently around 20%, through the managed business travel segment, which is largely booked by travel agencies through the
GDSs.


Distribution through Amadeus and Galileo is specifically targeting travel agencies specialising in business travel and easyJet will apply a point-of-sale fee (the same principle applies to all non-internet sales, such as telephone and airport sales) to the cost of the airfare.


To enable the agreements, Amadeus and Galileo have separately delivered new technology to connect each GDS directly to easyJet\'s inventory, allowing travel agents, for the first time, to make bookings on the airline within their
everyday workflow and channel.


The agreements represent the next step in the evolution of the low-fare airline industry and reinforce the value of the GDS as a sales channel bringing gains for the low cost airline segment.


Andy Harrison, easyJet\'s Chief Executive, said:


\'This is a major step forward in our strategy to attract more business travellers. easyJet has always appealed to businesses by offering an excellent high-frequency, flexible product between Europe\'s major airports and now Europe\'s travel managers and their clients can book with easyJet, therefore removing the last barrier to the corporate travel market.\'


\'easyJet will maintain its direct sell business strategy, by adding a
point-of-sale fee we can ensure our website remains our primary distribution channel and fares will always be cheapest when booking direct online.\'


\'However, even with the point-of-sale fee, easyJet seats sold through the GDS will still be dramatically cheaper than those offered on any of the traditional airlines.\'


David Jones, Executive Vice President, Commercial, Amadeus, said:


\'This agreement with easyJet underscores and validates the effort we have made to understand and offer a tailor-made solution for the low fare airline segment.\'


\'We have built a solution that connects the GDS directly to the inventory of ticketless carriers, enabling them to distribute efficiently through the GDS.
Using this technology we can now offer business travel agencies key easyJet content, with a booking process that is integrated directly into their regular work process.\'


Bryan Conway, Managing Director, EMEA, Travelport GDS said:


\'By integrating easyJet\'s services directly into our core GDS, we are able to offer even richer content to our business travel agents and their customers.\'


\'Galileo can now provide agents with the same straightforward and highly efficient way to book this content as they have with other airlines, whilst also offering today\'s low-cost carriers with a simplified means to distribute to the travel trade.\'


Amadeus is carrying out detailed pilots in Germany, France, Spain and UK which will end in November. As soon as those pilots are concluded, Amadeus will make easyJet flights available to all eligible agencies worldwide. easyJet flights will also be available through Galileo in the UK by the end of the year and the rest of Europe in the New Year.


This announcement is the latest development in easyJet\'s campaign to increase its proportion of business passengers, currently around 20%. easyJet offers an extensive route network, high frequencies to main city airports and low-fares and this move follows the recent introduction of business passenger targeted services such as speedy boarding and the hop on an earlier flight for free policy.



BUT DYOH

BAYLIS - 09 Dec 2007 17:04 - 6 of 394

easyJet said today it carried 13.2% more passengers last month than it did in November 2006.

The Luton-based low cost airline said it carried 2.88 million passengers last month compared to the 2.55 million that flew with the airline during the same period last year.

easyJet's load factor, how full its aircraft were, was up 0.3 percentage points on the same month last year to 80.8%.

BAYLIS - 20 Dec 2007 12:17 - 7 of 394

JP Morgan has maintained its 'overweight' rating on easyJet and kept its 591p price target, anticipating continued growth of at least 20% a year from the budget airline.

The broker said it disagreed with market predictions that consumers would desert low-cost carriers as they are deserting the high street.

It said the low cost carrier segment would benefit from demand trickling down from more expensive airlines.

"Consequently, we do not expect to have to make the estimate downgrades in the LCC space that we expect to be making in the network airline segment in the coming months, and can therefore continue to anticipate 20%+pa profits growth from easyJet," JPM said.


EZJ - easyJet

goldfinger - 09 Feb 2011 08:38 - 8 of 394

EZJ Easyjet, EZJ a real difficult chart to navigate..easyjet1.JPG

fundies look good aswel..

easyJet ForecastsYear Ending Revenue (m) Pre-tax (m) EPS P/E PEG EPS Grth. Div Yield

30-Sep-11 3,317.55 228.06 38.78p 10.1 0.3 +36% 6.76p 1.8%

30-Sep-12 3,640.14 271.50 46.14p 8.5 0.4 +19% 8.36p 2.2%


And look at forcast SP targets...


Date Broker name New Price Old price target New price target Broker change

20-Jan-11 Panmure Gordon Buy 382.00p 550.00p - Reiteration
19-Jan-11 UBS Buy 455.80p 470.00p 520.00p Upgrade
06-Dec-10 Panmure Gordon Buy 434.60p 550.00p - Reiteration
01-Dec-10 Goldman Sachs Neutral 434.20p 515.00p - DownGrade
23-Nov-10 Citigroup Buy 438.70p 550.00p 630.00p Reiteration
22-Nov-10 Investec Securities Buy 445.30p - 592.00p New Coverage
18-Nov-10 Nomura Buy 450.00p 500.00p 600.00p Reiteration

goldfinger - 09 Feb 2011 08:55 - 9 of 394

Opened a long in GKN.

FCCN storming away, 9% up last time.......... NICE.

goldfinger - 09 Feb 2011 14:45 - 10 of 394

EasyJet PLC

NAV of 424p and P/E of just over 9 going into 2012 this stock is hostoricaly at the monet far too cheap.

FORECASTS 2011 2012
Date Rec Pre-tax () EPS (p) DPS (p) Pre-tax () EPS (p) DPS (p)

SG Securities
08-02-11 BUY 39.10 8.00 43.36 9.00
Panmure Gordon
08-02-11 BUY 225.00 38.40 7.50 263.00 44.80 10.00
Davy Stockbrokers
08-02-11 None 38.40 8.80 46.20 11.10
Arbuthnot Securities
07-02-11 NEUT 180.91 31.20 6.20 249.69 43.00 8.60
The Royal Bank of Scotland NV
25-01-11 HOLD 210.56 36.26 7.17 225.69 39.42 7.77
Investec Securities
25-01-11 BUY 213.86 36.91 7.38 203.64 35.13 7.03
Numis Securities Ltd
20-01-11 HOLD 210.00 36.30 251.20 42.80
Charles Stanley Securities
19-11-10 SELL 228.10 39.79 260.60 45.34 7.96
NCB Stockbrokers Ltd
15-06-10 BUY 42.01
Collins Stewart [R]
14-12-09 BUY 47.70 65.30

2011 2012
Pre-tax () EPS (p) DPS (p) Pre-tax () EPS (p) DPS (p)
Consensus 210.23 36.92 7.52 241.16 42.41 8.85
1 Month Change -36.51 -6.33 -0.49 -50.93 -9.39 -1.29
3 Month Change -36.35 -6.45 3.46 -59.29 -12.00 8.85


GROWTH
2010 (A) 2011 (E) 2012 (E)
Norm. EPS 87.16% 32.84% 14.86%
DPS % % 17.73%

INVESTMENT RATIOS
2010 (A) 2011 (E) 2012 (E)

EBITDA 249.00m 335.13m 374.30m
EBIT 170.30m 227.04m 269.50m
Dividend Yield % 1.93% 2.27%
Dividend Cover x 4.91x 4.79x
PER 14.03x 10.56x 9.20x
PEG 0.16f 0.32f 0.62f
Net Asset Value PS 235.78p 387.17p 424.20p

goldfinger - 16 Feb 2011 11:38 - 11 of 394

Easyjet trials nanotechnology coating on its aircraft
15 February 2011

Easyjet is to trial a nanotechnology coating on its aircraft aimed at reducing drag and increasing fuel efficiency.


The low-cost carrier said that the Triple O coating, in use with the US military for the past 25 years, is a polymer that cross links and bonds to the paint surface, and adds an estimated 4oz to the weight of the aircraft.

Applied and distributed in Britain by Poole-based Triple O Performance Solution, the coating is claimed to reduce the build-up of debris on an aircrafts structure, leading edge and other surfaces, reducing drag on the surface of an aircraft.


.Triple O Performance Solution said the coating is applied in three stages. The surfaces are cleaned and then an oxalic-acid wash is applied to purge the pores of the surface and charge it with a positive polarity.

The surface then receives anionic nanoparticles of the Triple O emulsion, which are pulled into the pores magnetically and held there while the protective chemicals have cross linked, bonded and cured, locking Triple O into the paint.

The manufacturers of the coating estimate that it could reduce Easyjets fuel consumption by 12 per cent.

The airline has coated eight aircraft and will compare their fuel consumption with the rest of the fleet during a 12-month trial period.

Carolyn McCall, Easyjets chief executive officer, said: If we can find new ways of reducing the amount of fuel used by our aircraft, we can pass the benefits onto our passengers by offering them low fares and a lower-carbon footprint.


Read more: http://www.theengineer.co.uk/sectors/aerospace/easyjet-trials-nanotechnology-coating-on-its-aircraft/1007463.article#ixzz1E7YB2x2u

robinhood - 03 Feb 2012 08:36 - 12 of 394

Received today a corporate action notice that Easyjet has announced an 11 for 12 consolidation. May be I am a bit thick but is there any point in this at all??????????

goldfinger - 19 Nov 2012 08:29 - 13 of 394

19 Nov easyJet PLC EZJ UBS Buy 622.50 641.00 680.00 680.00 Reiterates

SP Target 680p.

goldfinger - 19 Nov 2012 08:34 - 14 of 394

Ample weekend article....

Tuesday 20 November

Is easyJet (EZJ) flying high? Investors will find out when it reports its full-year results on Tuesday.

Recent news: The budget airline recently upgraded its pre-tax profits guidance range for the year ending September 2012 to between £310 million and £320 million.

Analysts' expectations: Panmure Gordon's Gert Zonneveld is forecasting revenues of c. £3.9 billion, up 12%, driven by a combination of 7% volume growth and 5% yield growth. EasyJet carried 58.4 million passengers in 2011/12.

Despite fuel costs rising by an estimated £236 million, he is expecting operating profit to rise by 29%. Pre-tax profits are expected to be up 29% to £319 million, with a 24% rise in dividends.

"Despite a challenging economic environment, and most likely a cautious outlook statement, we believe that the long-term prospects of this business remain exciting and we retain our 'buy' recommendation," Zonneveld states

goldfinger - 19 Nov 2012 09:05 - 15 of 394

EZJ EASYJET

Brokers with BUY recommendations on EZJ

Date Company Name Broker Rec. Price Old target price New target price Notes

19 Nov easyJet PLC UBS Buy 650.00 680.00 680.00 Reiterates
16 Nov easyJet PLC Morgan Stanley Overweight 650.00 670.00 670.00 Retains
16 Nov easyJet PLC Panmure Gordon Buy 650.00 750.00 750.00 Retains
13 Nov easyJet PLC Numis Add 650.00 680.00 680.00 Reiterates
09 Nov easyJet PLC Credit Suisse Outperform 650.00 653.00 653.00 Reiterates
31 Oct easyJet PLC Deutsche Bank Buy 650.00 745.00 745.00 Reiterates
26 Oct easyJet PLC Numis Add 650.00 680.00 680.00 Reiterates
12 Oct easyJet PLC RBC Capital Markets Sector Performer 650.00 - 670.00 Initiates/Starts
09 Oct easyJet PLC Investec Buy 650.00 670.00 690.00 Retains

goldfinger - 19 Nov 2012 12:04 - 16 of 394

EasyJet Sees Business-Credentials Boost on Moscow, Rome

By Kari Lundgren - Nov 16, 2012 12:01 AM GMT ..EasyJet Plc (EZJ)’s success in securing rights to link London with Moscow and Milan with Rome represents a breakthrough for its plan to win more business travelers, Chief Executive Officer Carolyn McCall said.

EasyJet was chosen by the U.K. Civil Aviation Authority to operate Moscow flights on Oct. 25, edging out Richard Branson’s Virgin Atlantic Airways Ltd., before being selected by the Italian authorities to end Alitalia SpA’s monopoly on services from Milan Linate to Rome Fiumicino a day later.

EasyJet Plc Chief Executive Officer Carolyn McCall said, “Moscow is a business route and I think a few years ago we wouldn’t have got it because we weren’t perceived to be looking after passengers or really strong on business. And to get Linate-Fiumicino, the main business route in Italy, cannot be underestimated.”

EasyJet CEO Sees Business-Credentials Boost on Moscow, Rome Wins Simon Dawson/Bloomberg
Starting in the first half of next year, EasyJet will serve Moscow’s Domodedovo hub and aims to carry more than 230,000 passengers in the first 12 months of operations.

Starting in the first half of next year, EasyJet will serve Moscow’s Domodedovo hub and aims to carry more than 230,000 passengers in the first 12 months of operations. Photographer: Simon Dawson/Bloomberg
.“The transformational aspect is about how EasyJet is seen, the credibility,” McCall said in an interview. “Moscow is a business route and I think a few years ago we wouldn’t have got it because we weren’t perceived to be looking after passengers or really strong on business. And to get Linate-Fiumicino, the main business route in Italy, cannot be underestimated.”

While ranked second to Ryanair Holdings Plc (RYA) among Europe’s low-cost airlines, EasyJet has dropped its early no-frills approach in favor of a model where passengers can opt to pay extra for everything from food and checked bags to lounge access and flexible tickets. The Luton, England-based carrier is seeking a bigger share of the lucrative corporate-travel sector just as network carriers including IAG SA and Deutsche Lufthansa AG (LHA) recast their short-haul operations along low-cost lines.

Stock Boost
Shares of EasyJet, which was founded in 1995 with the slogan “making flying as affordable as a pair of jeans,” have surged 62 percent this year for a market value of 2.53 billion pounds ($4 billion). Dublin-based Ryanair has advanced 33 percent and is worth 6.66 billion euros ($8.5 billion).

“For us to get both in one week reinforced all the things we’ve been doing over the last two years in positioning the brand,” McCall said of the Moscow and Italy victories.

EasyJet was selected to compete with British Airways on the route to the Russian capital after offering a lead-in fare of 125 pounds and undertaking to operate two flights a day from London Gatwick airport, where it’s the biggest operator.

Starting in the first half of next year, EasyJet will serve Moscow’s Domodedovo hub using 180-seat Airbus SAS A320 single- aisle planes, and aims to carry more than 230,000 passengers in the first 12 months of operations.

The new route could also create opportunities to link with long-haul flights following a deal last week allowing passengers at Dubai-based Emirates, the world’s biggest international airline, to use their air miles to book EasyJet tickets.

Moscow Points
Russians traveling from Moscow to the Gulf on a route to be served by an Airbus A380 superjumbo from Dec. 1 would accrue enough points to fly to London with EasyJet for free, Emirates sales chief Thierry Antinori said in an interview on Nov. 6.

In Italy, EasyJet will offer five flights a day between Milan and Rome using Airbus A319 planes, opening up what McCall said has been Europe’s “last great monopoly route.”

Around 21 percent of EasyJet’s 57 million annual passengers are traveling for work, with destinations such as Amsterdam, Geneva and Paris drawing close to 30 percent business traffic.

“They’re going ever-further in competing with the network carriers,” said Douglas McNeill, an analyst at Charles Stanley in London with a “hold” rating on EasyJet. “It tends to make you think the low-cost model is more multifaceted.”

Ryanair CEO Michael O’Leary said last week that EasyJet under McCall is as much a challenger to British Airways as his own airline, and that undercutting fares at the unit of International Consolidated Airlines Group SA (IAG) by as much as 30 percent represents “a very good medium-term strategy.”

EasyJet has also done “a good job” in targeting longer routes to countries such as Egypt, Israel, Jordan and Iceland, as well as Russia, the Irishman said at a Nov. 5 press briefing.

McCall has said four-hour flight times aren’t a departure from her company’s core strategy. The airline last year carried 5.7 million people on flights above three hours, more than the 5.4 million that long-haul specialist Virgin Atlantic attracted across the whole of its network in the 12 months ended Feb. 29.

EasyJet will post earnings figures for the year ended Sept. 30 on Nov. 20.

To contact the reporter on this story: Kari Lundgren in London at klundgren2@bloomberg.net

To contact the editor responsible for this story: Chad Thomas at cthomas16@bloomberg.net

http://www.bloomberg.com/news/2012-11-16/easyjet-sees-business-credentials-boost-on-moscow-rome.html

goldfinger - 19 Nov 2012 16:07 - 17 of 394

EZJ EASYJET

Forward P/E of just over 10 to
2013 looks very cheap. Ryanair meanwhile
on a forward P/E of just over 13 to
2013.

It seems to me EZJ is significantly undervalued.

easyJet PLC

FORECASTS 2012 2013
Date Rec Pre-tax (£) EPS (p) DPS (p) Pre-tax (£) EPS (p) DPS (p)

Panmure Gordon
16-11-12 BUY 319.00 62.60 13.00 372.00 74.90 16.00
Investec Securities
14-11-12 BUY 314.10 60.80 12.20 325.60 65.70 13.10
Numis Securities Ltd
14-11-12 ADD 320.00 55.40 10.50 336.60 56.70 10.50
Davy Stockbrokers
14-11-12 None 61.90 12.40 64.20 13.00
Westhouse Securities
08-11-12 BUY
Goodbody Stockbrokers [D]
11-10-12 BUY 63.55 59.09 71.42 24.39
Charles Stanley Securities
08-10-12 HOLD 212.80 37.03 7.18 224.90 38.98 7.41
NCB Stockbrokers Ltd
26-03-12 ACCU 48.68 46.51 49.44 10.07

2012 2013 Pre-tax
(£) EPS (p) DPS (p) Pre-tax (£) EPS (p) DPS (p)

Consensus 317.61 60.20 12.03 330.89 62.30 12.23
1 Month Change 32.00 5.50 1.15 18.15 2.55 0.29
3 Month Change 35.73 6.56 1.12 12.83 2.03 0.28

Notes to forecasts
D falg: Indicates flag refers to the special dividend


GROWTH
2011 (A) 2012 (E) 2013 (E)
Norm. EPS 73.12% 24.57% 3.49%
DPS % % 1.62%

INVESTMENT RATIOS
2011 (A) 2012 (E) 2013 (E)

EBITDA £359.00m £441.01m £479.31m
EBIT £269.00m £336.63m £340.74m
Dividend Yield % 1.88% 1.91%
Dividend Cover x 5.00x 5.10x
PER 13.26x 10.65x 10.29x
PEG 0.18f 0.43f 2.95f
Net Asset Value PS 281.29p 445.15p 493.45p


COMPETITOR

Ryanair Holdings PLC

FORECASTS 2013 2014
Date Rec Pre-tax (€) EPS (c) DPS (c) Pre-tax (€) EPS (c) DPS (c)
Panmure Gordon
16-11-12 BUY 585.00 36.50 670.00 41.90
Investec Securities
14-11-12 HOLD 563.40 35.00 34.00 631.60 39.00
Davy Stockbrokers
14-11-12 None 34.90 34.00 38.10
Goodbody Stockbrokers
11-10-12 BUY 32.15 34.12 34.81
NCB Stockbrokers Ltd
22-05-12 ACCU 34.00 33.00

2013 2014
Pre-tax (€) EPS (c) DPS (c) Pre-tax (€) EPS (c) DPS (c)

Consensus 574.11 34.94 34.02 650.64 38.56
1 Month Change 58.58 3.41 0.10 47.61 2.02
3 Month Change 58.93 3.01 0.26 48.26 0.89


GROWTH
2012 (A) 2013 (E) 2014 (E)
Norm. EPS 48.11% -6.17% 10.35%
DPS % % %

INVESTMENT RATIOS
2012 (A) 2013 (E) 2014 (E)
EBITDA €992.40m €947.43m €983.31m
EBIT €683.20m €635.09m €654.70m
Dividend Yield % 7.48% %
Dividend Cover x 1.03x x
PER 12.21x 13.01x 11.79x
PEG 0.25f -2.11f 1.14f
Net Asset Value PS 221.22p 263.57p 302.90p

Hemscott Premium.

skinny - 20 Nov 2012 07:04 - 18 of 394

Final Results

· easyJet has delivered improved returns for shareholders and growth in a challenging economic environment. Profit before tax was up by 27.9% to a record £317 million and pre-tax profit margins grew by 1 percentage point to 8.2% despite a £182 million increase in unit fuel costs. Return on Capital Employed excluding operating lease adjustment improved by 1.8 percentage points to 14.5% (while Return on Capital Employed including operating lease adjustment improved by 1.5 percentage points to 11.3%.)

· Total revenue per seat grew by 5.9% (7.5% at constant currency) to £58.51 driven by: improved load factors; the annualisation of changes to fees and charges made in 2011; the careful targeting of capacity to markets with the strongest returns potential; improvements to easyJet.com; the success of the 'Europe by easyJet' campaign and from capacity constraint in the market.

· Seats flown grew by 5.5% to 65.9 million, load factors increased by 1.4 percentage points to 88.7% and passenger numbers rose 7.1% to 58.4 million.

· Cost per seat excluding fuel fell by 1% for the full year (and grew by 1.8% at constant currency). Unit cost increases were driven by increased charges at regulated airports especially in Spain and Italy and higher load factors. Cost pressures were partially offset by shorter average sector lengths, the easyJet Lean programme delivering significant savings in ground handling and non-regulated airport charges, by the increased proportion of larger A320 aircraft in the fleet and by the exceptionally low levels of disruption in comparison to previous years.

· easyJet generated operating cash (excluding dividend payments) of £457 million in the year, an increase of 7.8% compared to the prior year.

· In light of the continued strong financial performance of easyJet and the confidence in easyJet's position within European short-haul aviation, the Board has decided to amend the dividend policy from this year to pay out one-third of profit after tax each year, up from the one-fifth payout introduced last year. As a result the recommended ordinary dividend is 21.5pence per share or £85 million.

· Earnings per share grew 19.0% to 62.5 pence per share.

goldfinger - 20 Nov 2012 07:08 - 19 of 394

WOW excelent results and an increased divi.

goldfinger - 20 Nov 2012 07:15 - 20 of 394

EZJ EASYJET

Excelent results and beats concensous
figure expected below...

Year Ending Revenue (£m) Pre-tax (£m) EPS P/E PEG EPS Grth. Div Yield
30-Sep-12 3,876.76 315.81 59.33p 11.0 0.8 +13% 12.01p 1.9%

Digital Look



Strategy continues to deliver record profits, growth in profit margins and improved returns for shareholders

Results at a glance

2012
2011
Change

Total revenue (£ million)
3,854
3,452
+11.6%

Profit before tax (£ million)
317
248
+27.9%

Pre-tax margin (%)
8.2%
7.2%
+1.0ppt

Basic earnings per share (pence)
62.5
52.5
+19.0%

Proposed dividend - ordinary (pence per share)
21.5
10.5
+104.8%

Return on Capital Employed (%) - excluding operating leases adjustment
14.5%
12.7%
+1.8ppt

Return on Capital Employed (%) - including operating leases adjustment
11.3%
9.8%
+1.5ppt

Return on equity
14.6%
14.0%
+0.6ppt



· easyJet has delivered improved returns for shareholders and growth in a challenging economic environment. Profit before tax was up by 27.9% to a record £317 million and pre-tax profit margins grew by 1 percentage point to 8.2% despite a £182 million increase in unit fuel costs. Return on Capital Employed excluding operating lease adjustment improved by 1.8 percentage points to 14.5% (while Return on Capital Employed including operating lease adjustment improved by 1.5 percentage points to 11.3%.)

· Total revenue per seat grew by 5.9% (7.5% at constant currency) to £58.51 driven by: improved load factors; the annualisation of changes to fees and charges made in 2011; the careful targeting of capacity to markets with the strongest returns potential; improvements to easyJet.com; the success of the 'Europe by easyJet' campaign and from capacity constraint in the market.

· Seats flown grew by 5.5% to 65.9 million, load factors increased by 1.4 percentage points to 88.7% and passenger numbers rose 7.1% to 58.4 million.

· Cost per seat excluding fuel fell by 1% for the full year (and grew by 1.8% at constant currency). Unit cost increases were driven by increased charges at regulated airports especially in Spain and Italy and higher load factors. Cost pressures were partially offset by shorter average sector lengths, the easyJet Lean programme delivering significant savings in ground handling and non-regulated airport charges, by the increased proportion of larger A320 aircraft in the fleet and by the exceptionally low levels of disruption in comparison to previous years.

· easyJet generated operating cash (excluding dividend payments) of £457 million in the year, an increase of 7.8% compared to the prior year.

· In light of the continued strong financial performance of easyJet and the confidence in easyJet's position within European short-haul aviation, the Board has decided to amend the dividend policy from this year to pay out one-third of profit after tax each year, up from the one-fifth payout introduced last year. As a result the recommended ordinary dividend is 21.5pence per share or £85 million.

· Earnings per share grew 19.0% to 62.5 pence per

goldfinger - 20 Nov 2012 07:34 - 21 of 394

EasyJet full-year profit up 28 pct 20 Nov 2012 - 07:15

LONDON, Nov 20 (Reuters) - British low-cost airline easyJet posted a 28 percent rise in full-year profit, helped by a surge in late summer demand and bucking tough conditions elsewhere in the airline sector. Europe's second-largest budget airline after Ryanair on Tuesday reported a pretax profit of 317 million pounds ($504.46 million) on revenues 11.6 percent higher at 3.85 billion pounds for the year to the end of September. The company more than doubled its full year dividend to 21.5 pence and said it planned to amend the dividend policy from this year to pay out one-third of profit after tax each year, up from the one-fifth payout introduced last year. EasyJet, the largest carrier at London's Gatwick airport, said passenger numbers rose 7.1 percent to 58.4 million during the year, with load factors - a measure of how full its planes are - up 1.4 percentage points to 88.7 percent. ($1 = 0.6284 British pounds) (Reporting by Rhys Jones; editing by Sarah Young) ((r.jones@thomsonreuters.com; 44 (20) 7 542 4166; Reuters Messaging: rhysl.jones.thomsonreuters.com@reuters.net)) Keywords: EASYJET/
Register now or login to post to this thread.